Why did Nokia lose the mobile device market?

It was destroyed by CEO Stephen Elop, who came from Microsoft. Instead of developing his own operating system, he insisted on purchasing the Windows Phone operating system.

Nokia's weak point was software, but new platforms were supposed to fix this shortcoming. But starting in late 2010, the company's CEO began to slowly and steadily push Nokia in the other direction, towards abandoning its developments. All divisions of RnD and all the developments of the company were destroyed so that the company could no longer return to the right path.

As a result, Microsoft bought Nokia's mobile business.

Killing Nokia. Candid Confession of a Former Company President, Part Three

Killing Nokia. Candid Confession of a Former Company President, continued

Killing Nokia. Frank confession of the former president of the company

Why is the Russian economy growing despite the sanctions?

Sanctions are ineffective

Russian oil and LNG are still bought only through third countries. The development of the military industry and the reorientation of trade to Asian countries support the Russian economy. The Russian market, liberated by Western companies, has the potential for growth. There are no secondary sanctions.

In the long term, sanctions will hinder the growth of the Russian economy and lead to stagnation. For example, there is already a shortage in the labor market, inflation and the impact of technological sanctions. The vivid economic picture of Russia hides dangerous compromises made in pursuit of short-term benefits. Future generations will pay a heavy price for the current situation. However, the Kremlin only cares about the present.

When will Africa be united?

In 2064

The African Union is fighting for the unification of Africa today. It is an intergovernmental organization that has been leading its history since 1963. The union includes all 55 countries of the Black Continent. It is planned to create three financial institutions: the African Central Bank (planned to be created by 2028), the African Monetary Fund, the African Investment Bank.

So far, the association looks like the European Union

African Union

What will happen at the BRICS meeting?

Expansion and increase in the share of the NDB

The BRICS Bank intends to finance more projects in national currencies to strengthen the local market and protect borrowers from the risk of currency fluctuations. Currently, the share of relevant projects in national currency in the bank's total project portfolio is about 22%, the NBR president said, adding that the bank intends to increase this figure to 30%. Currently, five BRICS countries are members of the EBRD, as well as Bangladesh, the United Arab Emirates and Egypt. Uruguay is already in the process of joining.

The BRICS summit will be followed by a powerful geopolitical shock wave for which the world will not be ready. The Western world will not be ready.

BRICS New Development Bank De-dollarizing, Adding Argentina, Saudi Arabia, Zimbabwe as Members

Experts say that the upcoming BRICS summit will destroy the picture of the world familiar to the West

BRICS Krieg: what you need to know about the union of five states

BRICS seizes chance to challenge US: expansion and single currency on agenda

The big escape from the dollar to the East